South American Beef Inc. has filed for Chapter 11 bankruptcy

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Written By Jennifer Joslyn

🥩 South American Beef Inc. has filed for Chapter 11 bankruptcy.

The West Des Moines, Iowa-based frozen meat importer filed its petition with the U.S. Bankruptcy Court last week, leaving many trucking and logistics firms out to dry. With assets and liabilities accounting between $10 and $50 million, the company had reported a nearly $57 million gross revenue. Beef, lamb, goat, mutton, veal, seafood, and poultry were imported from countries such as Argentina, Uruguay, and Australia through the company.

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Jennifer Joslyn
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